{"id":42912,"date":"2024-12-10T14:27:13","date_gmt":"2024-12-10T09:27:13","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=42912"},"modified":"2024-12-10T15:28:54","modified_gmt":"2024-12-10T10:28:54","slug":"u-s-used-heavy-equipment-market-update-for-october-2024","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/","title":{"rendered":"U.S. Used Heavy Equipment Market Update for October 2024"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">According to a recent October 2024 report, the inventory levels are trending up for used <strong>heavy-duty construction equipment<\/strong>. In the case of used medium-duty construction equipment, the inventory levels have been steady. This was revealed in a new report by Sandhills Global\u2019s for October 2024. In the details provided in this U.S. used <strong>heavy equipment market<\/strong> report, the fallout for the sellers as a result of the increasing inventory levels has become evident. The impact as expected has led to both the asking and auction values falling. This fall has been recorded for both the medium and heavy-duty equipment.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/#The_US_used_heavy-duty_construction_equipment_market\" >The U.S. used heavy-duty construction equipment market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/#The_US_used_medium-duty_construction_equipment_market\" >The U.S. used medium-duty construction equipment market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/#What_will_be_the_fallout_of_the_rising_inventory_levels_in_the_near_future\" >What will be the fallout of the rising inventory levels in the near future?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/#Dont_forget_to_subscribe_to_our_YouTube_channel_for_more_equipment_offers_and_insights_into_the_industry\" >Don\u2019t forget to subscribe to our YouTube channel for more equipment offers and insights into the industry.\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_US_used_heavy-duty_construction_equipment_market\"><\/span><b>The U.S. used heavy-duty construction equipment market<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Starting first with the U.S. used <a href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/\">heavy-duty construction equipment<\/a> market, the inventory levels have continued to rise for nine consecutive months. This market in Sandhills\u2019 U.S. marketplaces which focuses on dozers, crawler excavators, and wheel loaders registered a slight fall in inventory levels by 1.85% M\/M but compared to the previous year\u2019s levels, the inventory levels registered an increase of 19.26% in the current month. The report suggests that these increases were prompted by the wheel loader category, where the inventory levels rose by 35.85% Y\/Y.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This has had a significant fallout for the asking values. It has now been straight seven months since the asking values have been falling. The asking values fell by 2.36% M\/M and 5.82% Y\/Y in the current month. Out of the three categories, the crawler excavator asking values recorded the highest decrease of 8.62% Y\/Y.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, the report shows that the auction values have fallen faster than the asking values. This reflects a continuing trend of auction prices falling now for a seven-month-long period. In the current month, auction values fell by 2.15% M\/M and a huge 10.29% Y\/Y. The highest decrease was witnessed in the crawler excavator\u2019s category where the auction values fell by 13.68% Y\/Y.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_US_used_medium-duty_construction_equipment_market\"><\/span><b>The U.S. used medium-duty construction equipment market<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As far as the U.S. used medium-duty construction equipment market is concerned, the inventor levels have appeared to be steady reflecting somewhat a steady trend. This market which represents used loader backhoes, mini excavators, and skid steers, witnessed the inventory levels falling 3.34% M\/M while representing an upward trend of 26.58% Y\/Y in the current month. The greatest M\/M decrease was evident in the Track skid steers market with inventory falling by 4.12%. The largest Y\/Y increase was witnessed in the wheel skid steers which rose up by 35.96%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market situation reflected a growing concern for sellers. The steady trend witnessed in the US. used medium-duty construction equipment market has prompted a further decline in the asking values. It is worth noting that the downward trend in asking values has now continued for seven months straight. The asking values did tick up slightly by 0.3% M\/M but underwent a fall by 5.34% Y\/Y.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The track skid steers asking values were at the receiving and reported a Y\/Y decrease of 7.58%. On the other hand, the loader backhoes reported the greatest M\/M increase rising by 1.92% M\/M.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As far as the auction values are concerned, the situation has not been any more different. The auction values too have been falling for seven months straight. The M\/M values may have slightly increased by 0.36% but significantly fell by 8.24% Y\/Y in the current month. Regarding the auction values, the wheel skid steer category went through the highest fall with a Y\/Y decrease of 11.69%.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_will_be_the_fallout_of_the_rising_inventory_levels_in_the_near_future\"><\/span><b>What will be the fallout of the rising inventory levels in the near future?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since rising inventory levels have been recorded in both the heavy and medium heavy-duty equipment, this is leading to a fall in the auction and asking values in both these markets. It signifies that the auction and asking values continue to fall in the market as the rising inventory levels are putting strong pressure on dealers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The increase in inventory levels has continued for quite some time now and this has prompted the auction and asking values to fall. Amidst the fallout of these developments, the market seems to be moving towards a further decline in the auction and asking values in the last two months of the current year. This is evident because the inventory levels of the construction equipment have now reached a tipping point.<\/span><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Dont_forget_to_subscribe_to_our_YouTube_channel_for_more_equipment_offers_and_insights_into_the_industry\"><\/span><strong>Don\u2019t forget to subscribe to our YouTube channel for more equipment offers and insights into the industry.\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><center><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Nni3IEZSDA8?si=CS9_zGu-m450s0I5\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent October 2024 report, the inventory levels are trending up for used &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Used Heavy Equipment Market Update for October 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":42913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[1593,1415],"class_list":["post-42912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-equipment-market-report","tag-medium-duty-construction-equipment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Used Heavy Equipment Market Update for October 2024 - MY-Equipment Blog<\/title>\n<meta name=\"description\" content=\"Market update for October 2024 makes it clear that the rising equipment levels will continue to put pressure on dealers with both asking and auction values falling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Used Heavy Equipment Market Update for October 2024 - MY-Equipment Blog\" \/>\n<meta property=\"og:description\" content=\"Market update for October 2024 makes it clear that the rising equipment levels will continue to put pressure on dealers with both asking and auction values falling.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.my-equipment.com\/blog\/2024\/12\/u-s-used-heavy-equipment-market-update-for-october-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Heavy Equipment Market Insights | News | Guides &amp; 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